Hana Financial Group Chairman Ham Young-joo, left, and Standard Chartered Group CEO Bill Winters pose at a signing ceremony at Hana Bank headquarters in Seoul, Friday. Courtesy of Hana Financial Group
Hana Financial Group signed a memorandum of understanding with Standard Chartered Group to expand cooperation in global finance and digital assets, as the Korean lender seeks to strengthen its international business and tap new growth areas, it said Sunday.
The agreement seeks to combine the two groups’ overseas networks and financial capabilities to create new opportunities and enhance global competitiveness, Hana Financial said.
The signing ceremony was held Friday at Hana Bank’s headquarters in Seoul, attended by Hana Financial Group Chairman Ham Young-joo and Standard Chartered Group CEO Bill Winters.
Under the partnership, the firms will broaden collaboration across global financial businesses including investment banking, capital markets and foreign exchange, while exploring cooperation in emerging areas such as digital assets.
“The partnership built on our global networks and financial expertise will strengthen competitiveness in global finance,” Ham said, adding that the two groups will seek new growth opportunities in future financial sectors including digital assets.
Winters said Korea is a key hub in Asian finance and that cooperation with Hana Financial marks an important step for Standard Chartered’s global network business.
Hana Financial has been expanding partnerships to build a digital asset ecosystem, while Standard Chartered has been scaling up digital asset services globally, including custody operations in the Middle East and Europe.
